VANCOUVER, BC, June 17,
2022 /CNW/ - CubicFarm® Systems Corp.
("CubicFarms" or the "Company") (TSX: CUB), a leading local
chain agricultural technology company, today announced the voting
results from its Annual General and Special Meeting of shareholders
(the "Meeting"), which was held virtually on June 16, 2022.
Election of Directors
Shareholders approved
the setting of the number
of Directors at seven. The seven candidates nominated for
election to CubicFarms' Board of Directors (the "Board") and listed
in the Company's Management Information Circular dated
May 11, 2022 (the "Circular"), were
elected as set forth below
Name of
Nominee
|
Votes
For
|
Votes
Withheld
|
Number of
Votes
|
Percentage of
Votes
|
Number of
Votes
|
Percentage of
Votes
|
David
Dinesen
|
37,744,994
|
99.48 %
|
196,582
|
0.52 %
|
Leo Benne
|
37,783,147
|
99.58 %
|
158,429
|
0.42 %
|
Jeff Booth
|
35,244,862
|
92.89 %
|
2,696,714
|
7.11 %
|
Michael
McCarthy
|
37,493,132
|
98.82 %
|
448,444
|
1.18 %
|
Daniel Burns
|
37,779,447
|
99.57 %
|
162,129
|
0.43 %
|
Janet Wood
|
37,868,364
|
99.81 %
|
73,212
|
0.19 %
|
George David
Cole
|
37,829,364
|
99.70 %
|
112,212
|
0.30 %
|
|
|
|
|
|
Shareholder Approval of Other Matters
In addition,
at the Meeting, shareholders approved
the appointment of KPMG LLP, Chartered Accountants, as
the auditor of the Company for the ensuing financial year with
their remuneration to be fixed by
the Board. Approximately 99% of the votes
cast were in favour of the appointment.
Shareholders also approved an amendment to the Company's stock
option plan to increase the fixed number of shares
that may be issued upon the exercise
of all options granted under the plan, as more
particularly described in the Circular. Approximately 84% of the
votes cast were in favour of the amendment.
"It was a pleasure to host today's AGM," said Jeffrey Booth, Chair, CubicFarms. "We appreciate
the strong support and participation of our shareholders in the
meeting and the investor update presentation that followed the
meeting was an opportunity to reflect on the Company's significant
milestones over the last year with a look at near- and medium-term
growth for the Company."
About CubicFarms
CubicFarms is a leading local chain agricultural technology
company developing and deploying technology to feed a changing
world. Its proprietary ag-tech solutions enable growers to produce
high quality, predictable produce and fresh livestock feed with
HydroGreen Nutrition Technology, a division of CubicFarm Systems
Corp. The CubicFarms™ system contains patented technology for
growing leafy greens and other crops onsite, indoors, all year
round. CubicFarms provides an efficient, localized food supply
solution that benefits our people, planet, and economy.
For more information, please visit www.cubicfarms.com.
On behalf of the Board of Directors
"Dave Dinesen"
Dave Dinesen, Chief Executive Officer
This release may contain certain "forward-looking statements" or
"forward-looking information" under applicable securities laws.
Forward-looking terms such as "may," "will," "could," "should,"
"would," "plan," "potential," "intend," "anticipate," "project,"
"target," "believe," "plan," "outlook," "estimate," or "expect" and
other words, terms and phrases of similar nature are often intended
to identify forward-looking statements, although not all
forward-looking statements contain these identifying words.
Forward-looking statements are based on certain key expectations
and assumptions made by the Company. Although management of the
Company believes that the expectations and assumptions on which
such forward-looking statements are based are reasonable, undue
reliance should not be placed on the forward-looking statements
because the Company can give no assurance that they will prove to
be correct.
SOURCE CubicFarm Systems Corp.